Blocknet just listed on the Pangolin DEX as $aaBlock

News:

https://medium.com/blocknet/blocknet-lists-on-pangolin-exchange-as-aablock-32594687afb7

https://info.pangolin.exchange/#/pair/0xffc53c9d889b4c0bfc1ba7b9e253c615300d9ffd

Blocknet - The Internet Of Blockchains

The Blocknet is a decentralized network that connects blockchains, similar to how the internet connects computers. Whether it’s through cross-chain dApps or using the protocol as a 2nd layer to index blockchains, the Blocknet provides developers with the capability to create the applications of tomorrow.

The service node network consists of XBridge, XRouter, and XCloud.

XBridge is a decentralized exchange protocol with the ability to perform non-custodial, trustless, and decentralized exchanges between any digital assets supported by the Blocknet Protocol. XBridge allows any application to perform a decentralized exchange, opening the door to an ecosystem of decentralized trading services. Service Nodes are used to verify that the UTXOs in the trades are valid and relay the order book. For these services, Service Nodes receive 100% of trading fees.

XRouter is a decentralized interoperability protocol with an SPV client backend supported by Service Nodes that allows users to validate transactions and ensure transactions are in a block. These calls are supported by default if XRouter is enabled with no additional settings. For example, if you have a fully synced Bitcoin node with tx index on, you can use XRouter to sell transaction information on Bitcoins blockchain. So if a user doesn't want to download the full chain, but needs to know information about a transaction, they could query your XRouter node and you can charge them a fee to do so.

You have the option to offer these services for free or to charge a fee for each call. Fees can be set to be specific for each individual call.

XCloud is a decentralized microservice cloud network that allows you to monetize any microservice, blockchain, API, or cloud tech on your own hardware, in many cases without having to write any code. Some examples of these services are blockchain-based calls such as one that returns a list of Syscoin marketplace listings, third-party data calls such as one that provides access to CMC's API, or a custom call for a service you create yourself. You have the option to offer these services for free or to charge a fee for each call. Fees can be specified individually for each call.

Avalanche, meet the Blocknet

With the Blocknet’s initial release of the first decentralized indexer of Avalanche’s blockchains due this month and a planned migration to its own subnet in due course, significant mutual interest between the two projects’ communities has emerged. However, BLOCK and AVAX have not been listed on the same exchanges, preventing easy exploration of their respective ecosystems, until now, that is.

$aaBLOCK will be tradable on Avalanche’s most liquid DEX, Pangolin, giving Avalanche users a natural place to acquire BLOCK and to explore Block DX, XRouter, and other interchain technologies.

Blocknet recently dipped below $4 (with a top at $50+ in the bull market) so a service node is actually getting affordable at these prices since you need 5000 BLOCK to run a service node.

Market availability

In order to foster a healthy market, liquidity originating from the Blocknet’s superblock self-funding system will be added to the Pangolin liquidity pool. In addition, many holders of BLOCK and AVAX will be adding to the pool in order to reach a planned minimum of ~$100k liquidity in the pool, ensuring good market availability and small spreads for users.

Furthermore, a proposal will be submitted to Pangolin’s decentralized governance system to reward $aaBLOCK liquidity farmers with $PNG, Pangolin’s governance token.

What is $aaBLOCK?

$aaBLOCK is wrapped Blocknet tokens ($BLOCK) bridged to Avalanche by Anyswap and available as a native token on the Avalanche C-chain.

$aaBLOCK is destined for use with the Blocknet’s incipient decentralized indexer, which will make Avalanche’s chain data available over Graph QL API, enabling developers to orchestrate Avalanche contracts and protocols with those on Ethereum and other blockchains.

Decentralized APIs for multi-chain data are a building block of the “interchain,” an emerging ecosystem of blockchain protocols and contracts. Interchain data availability empowers developers to orchestrate services on different chains as easily and cheaply as traditional apps are built by orchestrating APIs. Dapps gain the combined potential of every service, contract, and protocol on every blockchain. With this superpower, dapps are poised to be a leading force in the decentralization of the internet.

Conclusion

Blocknet has real potential to be a big project. They've built their own DEX, and their own multicurrency wallet: Xlite.

I could easily see BLOCK above $500/coin one day, due to its extremely scarce coin supply (7 Mio. circulating supply). That's more than 100X its current value.

Products:

https://blockdx.com/

https://xlitewallet.com/

Official website:

https://blocknet.co/

Coin Tracking:

https://coinmarketcap.com/currencies/blocknet/

https://www.coingecko.com/en/coins/blocknet

Community:

https://discord.gg/BNJ3aRckdD

https://t.me/Blocknet